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COMPUTATION OF EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share
The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended December 31, 2014 and 2013:
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
(in thousands, except per share data)
 
2014

2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
 
Net income
 
$
30,384

 
$
34,383

 
$
86,477

 
$
84,474

 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares-basic
 
41,901

 
42,441

 
41,780

 
42,647

Dilutive effect of employee equity incentive plans
 
799

 
787

 
894

 
907

Weighted average common shares-diluted
 
42,700

 
43,228

 
42,674

 
43,554

 
 
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.73

 
$
0.81

 
$
2.07

 
$
1.98

Diluted earnings per common share
 
$
0.71

 
$
0.80

 
$
2.03

 
$
1.94

 
 
 
 
 
 
 
 
 
Potentially dilutive securities excluded from diluted earnings per common share because their effect is anti-dilutive
 
130

 
268

 
442

 
173